Cash and accounts receivable for Adams Company are as follows: Current Year Prior Year Cash $70,000 $50,000 Accounts receivable (net) 70,400 80,000 What are the amounts and percentages of increase or decrease that would be shown with horizontal analysis? Account Dollar Change Percent Change Cash $fill in the blank 1 fill in the blank 2 % Accounts Receivable $fill in the blank 4 fill in the blank 5 %
Cash and accounts receivable for Adams Company are as follows: Current Year Prior Year Cash $70,000 $50,000 Accounts receivable (net) 70,400 80,000 What are the amounts and percentages of increase or decrease that would be shown with horizontal analysis? Account Dollar Change Percent Change Cash $fill in the blank 1 fill in the blank 2 % Accounts Receivable $fill in the blank 4 fill in the blank 5 %
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter5: Sales And Receivables
Section: Chapter Questions
Problem 50BE: Accounts Receivable Balance XYZ Corp sells widgets to consumers for $20 each. Its beginning accounts...
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Cash and
Current Year | Prior Year | ||
Cash | $70,000 | $50,000 | |
Accounts receivable (net) | 70,400 | 80,000 |
What are the amounts and percentages of increase or decrease that would be shown with horizontal analysis?
Account | Dollar Change | Percent Change | |
Cash | $fill in the blank 1 | fill in the blank 2 % | |
Accounts Receivable | $fill in the blank 4 | fill in the blank 5 % |
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